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Hongkong Land

Hongkong Land
Hongkong Land
The latest news, analysis and opinion on Hongkong Land. In-depth analysis, industry insights and expert opinion.
Retail concept Belowground at Landmark in Hong Kong. Photo: Handout
Retailing

As Landmark revamps its offerings, retail concept Belowground debuts a new look

The upscale mall in Hong Kong’s Central district is undergoing a multimillion-dollar, three-year redevelopment for a new generation of shoppers.

Hong Kong property

Kai Tak Stadium lifts Hong Kong’s status as major sports and entertainment venue

International Property

Hongkong Land poised to launch US$6 billion Singapore property fund

Hong Kong property

Hongkong Land’s leasing deal with major law firm a sign of ‘flight to quality’

Harneys’ new lease is a sign of firmer demand in prime locations after years of pressure, although citywide rents remain subdued.

An Alexandra House sign at Landmark in Central, December 7, 2023. Photo: Shutterstock Images
Hong Kong property

Schiaparelli picks Hong Kong’s Landmark for first flagship Asian store

The fashion house, which is known for its unique and surreal designs, will open its boutique in Hong Kong January.

Style Edit

Style Edit: Hongkong Land’s Noëlia Christmas village at the Landmark Atrium

Attractions include Baccarat and Christofle installations, a cosy bookshop and cake shop, an interactive wishing lake, and an 8-metre slide.

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Hong Kong economy

20-metre Christmas tree and new light show to bring festive cheer to Hong Kong

Hong Kong’s WinterFest returns to Central with a centrepiece tree, festive market and first-ever light show.

The West Kowloon Cultural District had a large Christmas tree during the last festive season. Photo: Dickson Lee
Hong Kong property

Alibaba, Ant buy Hong Kong offices, in city’s biggest deal since 2021

Alibaba and Ant bought 301,555 square feet of space in the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights.

China property

Exclusive | Lululemon moves to Hongkong Land project in Shanghai, bucking property downtrend

Move to West Bund underlines athletic apparel retailer’s ‘continued investment in mainland China and commitment to developing local talent’.

Hong Kong property

Mandarin Oriental confirms talks to sell top floors of One Causeway Bay

The hotel operator says it is discussing a potential sale of the prime space in the site formerly occupied by The Excelsior.

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One Causeway Bay, an office and retail tower under development by Mandarin Oriental. Photo: Handout
Hong Kong society

First halal kitchen in new Hong Kong community living room for Muslim residents

Operated by NGO Caritas, HUB13 in To Kwa Wan has a halal kitchen, gym and social activities, and complements similar government-led spaces.

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The HUB13 community living room in To Kwa Wan. Photo: Jonathan Wong
Louis Vuitton

Louis Vuitton’s upcoming store at K11 Musea in Hong Kong

Luxury brands around the world have been ramping up investment in lifestyle concepts – and Louis Vuitton is no exception.

China property

Shanghai’s West Bund defies property slump as it attracts MNCs like BMW, Adidas

Shanghai’s overall office vacancy rate rose to 22.4 per cent in June from 22.1 per cent at the end of 2024, according to CBRE.

Hong Kong property

Hong Kong’s real estate market cooled in May, with deals slumping to 3-month low

Transactions fall 11 per cent from a month earlier to 6,442, while value eases 0.5 per cent to US$6.3 billion, according to Land Registry.

Secondary-home transactions in Hong Kong reached 3,244 units worth HK$23.77 billion in May. Photo: Eugene Lee
Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

The Exchange Square in Central, home to the city’s stock market operator Hong Kong Exchanges and Clearing. Photo: Nathan Tsui
Hong Kong property

Hong Kong office landlords ‘defensive’ amid supply glut, relocations

‘Flight to quality’ of tenants is ‘absolutely going to continue’ with lots of new supply hitting the market, JLL analyst says.

Old Hong Kong

How one man’s fascination with an abandoned building created the Fringe Club

In his new book, Benny Chia, founder of The Fringe Club, recounts his obsession with a building that became the heart of Hong Kong’s cultural life

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Hong Kong property

Cautious bids expected for second try at Hong Kong land sale

MTR Corp’s tender for a Tung Chung site follows a senior government official’s call for developers to show faith in Hong Kong’s future.

A train passes by a construction site of MTR Corporation’s extension of the Tung Chung Line on Lantau Island on October 22, 2024. Photo: Elson Li
Hong Kong property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

Hong Kong property

Hongkong Land seeks US$10 billion from asset reshuffle, eyes high-end market

Strategic pivot aims to ‘ultimately’ double its profit before interest and tax and grow its assets under management to US$100 billion by 2035.

Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse
Interest rates

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

HSBC was the first bank in Hong Kong to announce a 25-basis-point cut in its prime lending rate and savings deposit rate last month. Photo: Jelly Tse
Hong Kong property

Hongkong Land net loss widens 150% amid weak sales of mainland projects

The biggest landlord in Hong Kong’s Central district said its underlying loss was US$7 million for the first half after a US$295 million provision for development properties in mainland China.

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Art

Sotheby’s Maison opens at Landmark Chater with 2 exhibitions and even a Banksy

The space’s floors are hosting ‘Bodhi: Masterpieces of Monumental Buddhist Art’ and ‘Ice: Two Masterworks on Loan from the Long Museum’ – as well as Banksy’s infamous Girl Without Balloon

Hong Kong property

Hong Kong retail ‘malaise’ to persist amid ‘structural changes’ in spending

Retail sales will remain under pressure this year after declining 6 per cent year on year in the first five months, and only retailers that adapt to changing spending patterns will thrive, says S&P Global Ratings.

Pedestrian crossing a road in Hong Kong’s Causeway Bay neighbourhood on July 2, 2024. Photo: Sam Tsang
Business of climate change

Green building guru: Hong Kong needs ‘carrots and sticks’ to meet carbon goals

City must encourage retrofitting or replacement of old ‘carbon-hog’ buildings and accelerate adoption of construction materials with lower ‘embodied’ carbon, says World Green Building Council founder David Gottfried.

Diners are surrounded by geometric patterns of buildings on Canton Road in Hong Kong’s Tsim Sha Tsui district on April 17, 2024. Photo: Eugene Lee
Hong Kong property

Hong Kong CEOs to focus on finances, sustainability in 2024 amid property stress

CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.

Hong Kong property

Hong Kong luxury retail sector likely to rebound in 2024 as brands return

Hong Kong’s luxury retail market is likely to regain some lost ground in 2024, say observers, as high-end brands return after an exodus sparked by 2019’s street protests and three years of pandemic restrictions.

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